So a revenue increase of 32% and beating analyst estimates…sounds good? Nope.
Facebook didn’t give investors much reason to cheer even though the social network beat analysts’ revenues expectations in its first report as a publicly traded company. Profits were merely in line with forecasts.
Shares of Facebook fell more than 3% in after hours trading following the release of its second quarter results.
This is why I stopped buying stock. This is just gambling and manipulation as far as I can tell.